{"id":227,"date":"2026-08-16T09:50:52","date_gmt":"2026-08-16T09:50:52","guid":{"rendered":"https:\/\/moneycq.com\/?knowledgebase=payslip-and-tax"},"modified":"2026-08-16T09:50:52","modified_gmt":"2026-08-16T09:50:52","slug":"payslip-and-tax","status":"publish","type":"knowledgebase","link":"https:\/\/moneycq.com\/?knowledgebase=payslip-and-tax","title":{"rendered":"The Payslip and Real Tax Rules"},"content":{"rendered":"<p class=\"wp-block-paragraph\">MoneyCQ doesn&#8217;t invent tax. Each region pack encodes a country&#8217;s real income-tax brackets, social levies, and retirement scheme, versioned by tax year.<\/p><h2 class=\"wp-block-heading\">What it is<\/h2><p class=\"wp-block-paragraph\">The payslip is the weekly record of your earnings: <strong>gross salary in<\/strong>, then tax withheld and retirement contributions posted as separate ledger entries, then your <strong>net pay<\/strong> \u2014 the money you actually live on.<\/p><h2 class=\"wp-block-heading\">What it does<\/h2><ul class=\"wp-block-list\"><li>Applies progressive tax brackets and deductions per region (PAYE, FICA, NI, EI, CPF and friends).<\/li><li>Posts employee and employer retirement contributions separately.<\/li><li>Charges business tax, property tax, and capital-gains tax per the region&#8217;s rules.<\/li><li>Honestly simplifies where a full tax code would be too complex for a teaching game.<\/li><\/ul><h2 class=\"wp-block-heading\">How to use it<\/h2><ol class=\"wp-block-list\"><li>Read the payslip\/ledger lines each week to see gross, tax, retirement, and net.<\/li><li>Budget from net pay \u2014 the number that actually reaches your account.<\/li><li>Change your retirement rate from the Money screen (see Retirement &#038; Locked Savings).<\/li><\/ol><h2 class=\"wp-block-heading\">Good to know<\/h2><p class=\"wp-block-paragraph\">There are 17 country packs plus the Generic baseline. Rates are checked against official sources and carry their tax year, so they get refreshed as budgets land.<\/p><p class=\"wp-block-paragraph\">Ready to try it? Start a life at <a href='https:\/\/app.moneycq.com'>app.moneycq.com<\/a> \u2014 your first week takes about two minutes.<\/p>","protected":false},"featured_media":0,"template":"","class_list":["post-227","knowledgebase","type-knowledgebase","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/moneycq.com\/index.php?rest_route=\/wp\/v2\/knowledgebase\/227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneycq.com\/index.php?rest_route=\/wp\/v2\/knowledgebase"}],"about":[{"href":"https:\/\/moneycq.com\/index.php?rest_route=\/wp\/v2\/types\/knowledgebase"}],"wp:attachment":[{"href":"https:\/\/moneycq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}